LPL Financial LLC Grows Position in Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM)

LPL Financial LLC raised its holdings in Franklin U.S. Mid Cap Multifactor Index ETF (BATS:FLQM) by 6.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,526,850 shares of the company’s stock after purchasing an additional 159,538 shares during the period. LPL Financial LLC owned 20.97% of Franklin U.S. Mid Cap Multifactor Index ETF worth $137,233,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of FLQM. Assetmark Inc. bought a new stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF during the 4th quarter valued at $29,000. Providence Capital Advisors LLC bought a new stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF during the third quarter valued at about $63,000. Sanctuary Advisors LLC purchased a new stake in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the third quarter worth about $200,000. Farther Finance Advisors LLC lifted its holdings in shares of Franklin U.S. Mid Cap Multifactor Index ETF by 6.1% in the fourth quarter. Farther Finance Advisors LLC now owns 3,729 shares of the company’s stock worth $203,000 after buying an additional 216 shares in the last quarter. Finally, Wintrust Investments LLC bought a new position in shares of Franklin U.S. Mid Cap Multifactor Index ETF in the fourth quarter valued at approximately $225,000.

Franklin U.S. Mid Cap Multifactor Index ETF Trading Down 3.0 %

Franklin U.S. Mid Cap Multifactor Index ETF stock opened at $53.43 on Tuesday. Franklin U.S. Mid Cap Multifactor Index ETF has a 1-year low of $49.72 and a 1-year high of $59.07. The firm’s 50 day simple moving average is $54.81 and its 200 day simple moving average is $55.43. The firm has a market capitalization of $1.45 billion, a PE ratio of 17.08 and a beta of 1.05.

Franklin U.S. Mid Cap Multifactor Index ETF Company Profile

The Franklin U.S. Mid Cap Multifactor Index ETF (FLQM) is an exchange-traded fund that is based on the LibertyQ US Mid Cap Equity index. The fund tracks a US-listed mid-cap equity index that selects and weights constituents based on four factors: quality, value, momentum, and volatility. FLQM was launched on Apr 26, 2017 and is managed by Franklin Templeton.